Evolution Petroleum (Evolution Petroleum) Cash, Cash Equivalents, Marketable Securities : $3.07 Mil (As of Mar. 2024)

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What is Evolution Petroleum Cash, Cash Equivalents, Marketable Securities?

Evolution Petroleum's quarterly cash, cash equivalents, marketable securities declined from Sep. 2023 ($9.41 Mil) to Dec. 2023 ($8.46 Mil) but then stayed the same from Dec. 2023 ($8.46 Mil) to Mar. 2024 ($3.07 Mil).

Evolution Petroleum's annual cash, cash equivalents, marketable securities increased from Jun. 2021 ($5.28 Mil) to Jun. 2022 ($8.28 Mil) and increased from Jun. 2022 ($8.28 Mil) to Jun. 2023 ($11.03 Mil).

Evolution Petroleum Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Evolution Petroleum's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Evolution Petroleum Cash, Cash Equivalents, Marketable Securities Chart

Evolution Petroleum Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

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31.55

19.66

5.28

8.28

11.03

Evolution Petroleum Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash, Cash Equivalents, Marketable Securities	Get a 7-Day Free Trial															18.39	11.03	9.41	8.46	3.07

Evolution Petroleum Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Evolution Petroleum (AMEX:EPM.PRA.PFD) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Evolution Petroleum Cash, Cash Equivalents, Marketable Securities Related Terms

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Evolution Petroleum (Evolution Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Evolution Petroleum Corp (AMEX:EPM.PRA.PFD) » Definitions » Cash, Cash Equivalents, Marketable Securities

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EPM:USA

Address

1155 Dairy Ashford Road, Suite 425, Houston, TX, USA, 77079

Website

https://www.evolutionpetroleum.com

Evolution Petroleum Corp is an independent oil and gas company operating in the US. It is engaged primarily in the acquisition, exploitation, and development of properties for the production of crude oil and natural gas, onshore in the United States. The company's revenues are primarily generated from its crude oil, natural gas and NGL production from the Jonah Field in Sublette County, Wyoming; the Williston Basin in North Dakota; the Barnett Shale located in North Texas; the Hamilton Dome Field in Wyoming; and the Delhi Field in Northeast Louisiana. The revenue generated by the company includes royalty, mineral and working interests.